AMG enters into a partnership with Shell division Catalysts & Technologies, to offer sustainable solutions in the field of catalyst recovery and recycling. That contributes positively to investor sentiment around the AMG share, experts at ING judge.
According to the analysts, the partnership offers growth opportunities for AMG outside of North America. They also conclude that the recycling technology of the metal specialist is validated by the collaboration. In addition, the relationship with Shell is becoming stronger. Shell has traditionally been an important partner and supplier of AMG.
ING uses buying advice on AMG with a target price of 35 euros. The stock traded 0.9 percent higher at € 22.03 at around 9.50.